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Mexico vs Panama: Economic Indicators Comparison

Mexico with a GDP of $1.2T ranked the 15th largest economy in the world, while Panama ranked 75th with $65.1B. By GDP 5-years average growth and GDP per capita, Mexico and Panama ranked 109th vs 33rd and 77th vs 61st, respectively.

Gross Domestic Product & Income

StatMexicoPanama
GDP$1.2T$65.1B
GDP growth, 1 year2%3.9%
GDP growth, 5-years average2.6%5%
Population130.5M3.9M
GDP per capita$9.7k$16k
GDP per capita growth0.99%1.94%
Purchasing Power Parity conversion factor9.380.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.61
GDP per capita, PPP adjusted$21k$26k
GNI, Atlas method$1.2T$60B
GNI per capita$9.2k$14k
GNI, PPP adjusted$2.4T$98.4B
GNI per capita, PPP adjusted$19k$24k

Financial system and Human development

StatMexicoPanama
Income Tax Rate35%25%
Corporate Tax Rate30%25%
Inflation, consumer prices4.9%0.8%
Inflation, GDP deflator5%0.7%
Unemployment3.3%3.9%
Economic Freedom Index6667.2
Personal Freedom Index7.237.73
Human Freedom Index6.947.53
Property Rights Index58.358.8
Judical Effectiveness Index34.730
Business Freedom Index6770.8
Fiscal Health Index87.591.2
Labor Freedom Index58.443.3
Investment Freedom Index7575
Financial Freedom Index6070
Trade Freedom Index87.679.2
Monetary Freedom Index70.979.4
Government Spending Index79.385.7
Tax Burden Index76.185.3
Government Integrity Index36.737.2
Corruption Perceptions Index2837
Life expectancy at birth, years74.978.1
Suicide mortality rate, per 100,000 people5.14.3
Mortality caused by road traffic injury, per 100,000 people13.114.3
Intentional homicides, per 100,000 people24.89.7
International tourism, number of arrivals41.3M1.8M

Government debt & reserves

StatMexicoPanama
Central government debt, % of GDP53.6%39.4%
External debt stocks, % of GNI38%N/A
External debt stocks$453BN/A
Short-term debt, % of total reserves34.6%N/A
Total debt service, % of exports and primary income11.9%N/A
Adjusted net savings including particulate emission damage, % of GNI7.5%25.3%
Gross savings, % of GDP23.7%29.1%
Gross capital formation, % of GDP22.7%41.7%
Total reserves including gold$176.4B$2.1B
Foreign direct investment net inflows$37.5B$5.9B

Exports, imports and economic structure

StatMexicoPanama
Exports of goods and services, % of GDP39.3%42.3%
Imports of goods and services, % of GDP41.2%45.3%
Current account balance (balance of payments)-$22B-$6.8B
Revenue excluding grants, % of GDP18.9%N/A
Grants excluding technical cooperation, BoP$318.9M$22.3M
Personal remittances received$35.8B$537.9M
Industry including construction value added, % of GDP30.9%29.2%
Agriculture, forestry and fishing value added, % of GDP3.4%2.2%
Charges for the use of intellectual property, payments BoP$302M$39.4M
Charges for the use of intellectual property, receipts BoP$7M$21.7M
Expense, % of GDP20.4%N/A
Government Expenditure, % of GDP26.3%21.8%

Compare with countries close by GDP per capita

Mexico vs

CountryGDP
per capita
Population
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M

Panama vs

CountryGDP
per capita
Population
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k
Lithuania
$19k
2.79M
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B